Emerging multinational enterprises from East and Southeast Asia in V4 countries and Slovenia
Katalin Völgyi ()
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Katalin Völgyi: Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences
No 232, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies
This study is prepared in the framework of a research project on outward foreign direct investments of non-European emerging market multinationals in the CEE region with special focus on V4 countries and Slovenia. It investigates outward FDI from South Korea, Taiwan, Malaysia, Thailand, Indonesia and Vietnam. In this preliminary stage of the research we first analyze the general trends of global outward FDI of these six Asian countries from the perspective of geographical/sectoral distribution, investors’ size, motivations (push factors) and supporting government policy etc. Then we try to measure the weight and importance of outward FDI of the six Asian countries in the EU and especially in the CEE region. We found that these Asian countries account for only a low share (0.5%) of the total inward FDI stock of the EU. Out of the six countries, South Korea, Taiwan and Malaysia are the biggest investors in the whole EU and in V4 countries as well. South Korean and Taiwanese investments in the manufacturing sector, which benefit from the lower labour costs, represent the dominant features of the total outward FDI of the six Asian countries in the V4 countries. To determine the characteristics of Thai, Vietnamese and Indonesian investments in V4 countries, we need to conduct more empirical research.
Keywords: Asian multinationals; outward FDI; Central and Eastern Europe (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Pages: 41 pages
New Economics Papers: this item is included in nep-int and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:232
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